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we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges and -- where has that money gone. >> look around you and see in every community. we have had a dramatic reduction in the amount of money that has been available over the course of the last ten years. as i say, you haven't raised the gas tax in 20 years. >> but we have more gas revenue coming in because more people are driving and just demand -- >> that's not the case. >> is there a way to assure this in a lock box so it's intend for just that purpose? we do have a lot of other means by which we raise money to help our infrastructure, and our infrastructure still sucks. >> first of all, if you
we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges...
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Dec 9, 2013
12/13
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"the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the livi
"the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former...
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Dec 4, 2013
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you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way instead of bankruptcy. >> when you look at the number of bills passed by the house and the paltry number of bills passed by the senate you can see where the problem is. >> yes, we can. and we'll talk about it next. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confid
you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way instead of bankruptcy. >> when you look at the number of...
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Dec 4, 2013
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you might remember him from the big deficit reduction in 2010. he was part of that and he killed it. he was part of that ena he killed it. he was about part of the grand bargain in 2011 which was killed by paul ryan. so yes, patty murray and paul ryan are reportedly close to a deal that would kill the sequester, get us a budget, and all sorts of reasonable things that everybody in washington says they want. paul ryan's history of working on deals like this is he likes to be seen working on them before he breaks free and calls them impure and kills what he helped to negotiate. i'm not getting excited about this yet. initial reports are positive, long term prospects are dim. even the babiest of babe steps are steps. in a year like this one, a congress like this one, the most meager signs of progress must be nurtured. urpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursuit of perfection. the day building a play set begins with a surprise twinge of back pain... and a choice. take
you might remember him from the big deficit reduction in 2010. he was part of that and he killed it. he was part of that ena he killed it. he was about part of the grand bargain in 2011 which was killed by paul ryan. so yes, patty murray and paul ryan are reportedly close to a deal that would kill the sequester, get us a budget, and all sorts of reasonable things that everybody in washington says they want. paul ryan's history of working on deals like this is he likes to be seen working on them...
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Dec 3, 2013
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. >> he said it wouldn't add a dollar to the deficit. the insurance companies knew they would get this. bob, that's why i don't buy when anyone says it will collapse on its own weight, there will be a death spiral. no there won't, because they'll continue to pump money to support it. >> there was a tragic train wreck in new york and the conductor -- the driver lost his insurance because of obama care. and so i think, frankly, that there's a lot of things happening in america today that the problems over obama care. the weather, i mean, everything, it's going terrible. >> are you kidding me? >> the fact of the matter is that the thing is starting to work better and better. why go to the democrats with the proposal? the democrats have to run on it. they know they can't run against it. they voted for the thing. if this earpiece tweets one more time -- so they can't go up there and try to get around it. so they have to run on it. >> what about the bailout for the insurance companies? >> i would bail the insurance companies out if they were d
. >> he said it wouldn't add a dollar to the deficit. the insurance companies knew they would get this. bob, that's why i don't buy when anyone says it will collapse on its own weight, there will be a death spiral. no there won't, because they'll continue to pump money to support it. >> there was a tragic train wreck in new york and the conductor -- the driver lost his insurance because of obama care. and so i think, frankly, that there's a lot of things happening in america today...
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Dec 5, 2013
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fiscal deficit. >> david, rapidly shrinking, the deficit is going down. $17 trilli $17 trillion debt and a deficit higher than the one he received from his predecessor? >> the debt is higher. we would be in much better economic shape and young people would have better job opportunities if we weren't shrinking so fast. we have gone from 10%, basically what he inherited down to 4% of the economy and on the way down to 2% by the end of the president's term. if he were not to doing this about spending and we were invest can in the future, in education, research, we are seeing american research going to china and we are not spending tax dollars on basic research, which corporations don't do. >> that's always been done by government. so, neither the finding about young people is surprising, nor is the president's focus. yeah, we have brought down the deficit is what he is saying, significantly, 90% of americans seem to be unaware of this. million americans receiving disability benefits. 47 million on food stamps? >> yeah. >> torn in 4 million on long-term, getting unemployment benefits. th
fiscal deficit. >> david, rapidly shrinking, the deficit is going down. $17 trilli $17 trillion debt and a deficit higher than the one he received from his predecessor? >> the debt is higher. we would be in much better economic shape and young people would have better job opportunities if we weren't shrinking so fast. we have gone from 10%, basically what he inherited down to 4% of the economy and on the way down to 2% by the end of the president's term. if he were not to doing this...
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Dec 10, 2013
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i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines of your parking space but that's it. and wait until you read what kinds of cars will and won't be allowed in the parking lot. it's my must read. it's up on our facebook page, where a common theme from you has been there's an easier way. mary barnett wrote why not a super bowl party at home and then you can eat and drink as much as you want? true enough. let us know what you think. head to facebook/jansingco. which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard bette
i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines...
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Dec 3, 2013
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there was a $330 million accumulated deficit over time. we had $18 billion overhang. so we were never able to go out and increase revenue. so the only way that we stayed alive, quite frankly, is through cuts. you know, we cut everything that we could. unless there is more investment coming into the city and a new stream of revenue, there was no way to fix the problem. so now with bankruptcy imminent, i think debt off of the balance sheet would be less than it is today and that's going to be a positive on a going forward basis. >> a lot to go around, any particular issue or person? >> i don't look at blame as anything that's going to be helpful at this point in time. i want to concentrate on the glass being half full as opposed to half empty and say all of us, those of us who live in the city, who work in the city, who care about this, need to come to the table to see what positive impetus we can bring with us. >> any plans to do anything to step up the collection of property taxes to bring in more revenue to the city? >> property taxes are being collected as we speak.
there was a $330 million accumulated deficit over time. we had $18 billion overhang. so we were never able to go out and increase revenue. so the only way that we stayed alive, quite frankly, is through cuts. you know, we cut everything that we could. unless there is more investment coming into the city and a new stream of revenue, there was no way to fix the problem. so now with bankruptcy imminent, i think debt off of the balance sheet would be less than it is today and that's going to be a...
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. >> congressional budget office estimates the law will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill, i understand how import
. >> congressional budget office estimates the law will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican...
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Dec 8, 2013
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reserve pays for the bonds that the united states issues, same as all the other hundreds of dollars of deficit. we're living in a play money world already. so we'll live in an obama play money world a little more. look, we had a good plan under mr. nixon. what would nixon do about this, what would he do about that? we're going to take a little percentage. we're not going to screw up their insurance policies of those who do have -- the small percentage who can't afford it, we'll give them checks and not have a huge government bureaucracy to handle it. go to your iurance agent, buy the policy. bang, that's it. write you a check. it's done. >> ben stein, thanks so much for being with us tonight. >> that's it? >> that's it, ben. >> that's it? >> unls you're going to write the check, that's it. it's good to see you. >> all right. nice to see you. a registered nurse now joins us, who happened to be married to a doctor and who is now in her second term as a congresswoman. all right, congresswoman, can obama care be fixed? >> no, it can't. it's fundamentally flawed. >> why? >> we've heard the promises
reserve pays for the bonds that the united states issues, same as all the other hundreds of dollars of deficit. we're living in a play money world already. so we'll live in an obama play money world a little more. look, we had a good plan under mr. nixon. what would nixon do about this, what would he do about that? we're going to take a little percentage. we're not going to screw up their insurance policies of those who do have -- the small percentage who can't afford it, we'll give them checks...
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Dec 4, 2013
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budget deficit $380 million. 17.7% unemployment rate and a quarter of a million people have dropped from the population and down to 700,000 people today. matt, obviously no one wants to see the pensioners who have been used to living on a concern check get less, but it doesn't seem like there is any choices here other than that. >> i don't think anybody wants to see something relying on the pension check to pay their mortgage or food on table, but at the same time, i don't know where the money is coming from. the for ever cents detroit is bringing in 45 cents is going toward debt and it is going to go up to 60 cents they say. >> we have seen this across the county where public unions have cut deals with the government. they are i scratch your back you scratch mine. and that is how this ballooned into this situation where they made promises they can not keep. >> a lot of deals took place a long time ago. but you are running out ouf mof money. detroit, for example, has twice as many pensioners as they do employers in the city. it comes done to math. you have to bring in x-amount of dollars
budget deficit $380 million. 17.7% unemployment rate and a quarter of a million people have dropped from the population and down to 700,000 people today. matt, obviously no one wants to see the pensioners who have been used to living on a concern check get less, but it doesn't seem like there is any choices here other than that. >> i don't think anybody wants to see something relying on the pension check to pay their mortgage or food on table, but at the same time, i don't know where the...
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in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless school age kids in america than ever before. >> right. >> so we have to have a whole new conversation about american
in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless...
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Dec 4, 2013
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and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during the regan era, through the 1990s along with president clinton, we have collapsed as far as our ability to be policy entrepreneurs. that's the great challenge if we're to be successful in 2016, to have candidates to break away, put forward ideas about economic growth, health care, and ideas that americans are focused on. >> jonathan, you wrote a great piece today about the republican party basically being dead to the ideas. the thing that strikes me about the video that we saw, it's one thing for john boehner to not really have any health care proposal and rattle off platitudes about the way health care
and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during...
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Dec 6, 2013
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it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound rea
it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin...
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Dec 5, 2013
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fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships, and in-demand, high-tech skills that can lead directly to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans. and today, more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovat
fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools...
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Dec 10, 2013
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in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. [ singing ] >> a day of remembrance and celebrations. tens of thousands gather to honour the life of nelson mandela. >> hello, i'm here at the f.n.b. stadium in soweto, where the world is paying its respects to nelson mandela. >> hello, live from doha withage of the memorial service. more than
in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. [ singing ] >> a day of remembrance and celebrations. tens of thousands gather to honour the...
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we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right around the corner. and dom on straight the value in making our government work for the people we represent. so when all of this is done, i am very proud to stand with chairman ryan or anyone else who wants to work on this bipartisan foundation to continue addressing our nation's challenges. nothing is easy here but i know the american people expect nothing less. i want to take a minute to especially change chairman ryan. he and i do have some major differences. we cheer for a different football team. clearly. we catch different fish. we have some differences on policies. but we agree that our country
we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right...
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Dec 3, 2013
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it's the moral and religious and spiritual deficit we have to work on. but let's not damage the economy in the process. i'm kudlow. we'll have more on this later. '. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy effici
it's the moral and religious and spiritual deficit we have to work on. but let's not damage the economy in the process. i'm kudlow. we'll have more on this later. '. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs...
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Dec 6, 2013
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robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of noguchi to those are not familiar with this culture or art? york, mother was from new his father was japanese. he called himself a global artist at the time. it was before the motions of multiculturalism and biracial. he was born in 1904. he was extraordinarily prolific in that he worked in parks, landscapes. he was a precursor to all of the artists that went on to be known as earthwork artists. he did parks, playgrounds, theater curtains, theater sets. he had an association with martha graham for 50 years. many people do not realize the big stainless steel piece in
robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of...
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sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his one-time fiance 50,000 large even though the man claims he never officially popped the question. you can read more by heading to thomas roberts facebook page. you've got to put a ring on it, nice tune. we'll be right back. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to b
sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his...
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fiscal deficit. [ applause ] so that's step one towards restoring mobility. making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today. so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships and in-demand high-tech skills that can lead to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans and today more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovation that reins in tuition cost. we have a lower cost so young people ar
fiscal deficit. [ applause ] so that's step one towards restoring mobility. making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today. so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high...
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that deal might include scaling back some of those sequester cuts, finding a little bit of deficit reduction. here's the key thing to focus on, though, right now, alex. the tone. there doesn't seem to be an appetite for another government shutdown. that, of course, bodes well for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually avoid a government shutdown. so i'm hopeful that even by the end of this week we'll be able to come together and achieve that. >> i certainly hope as part of it that the negotiators will take to heart what the president had to say. there are working families across america that are struggling. there are unemployed families who need a helping hand. we've got to protect and preserve the safety net in america and give these working families a fighting chance. >> so alex, of course there you have republican rob portman, democrat dick durbin. and you heard senator durbin talking about unemployment insurance. that i
that deal might include scaling back some of those sequester cuts, finding a little bit of deficit reduction. here's the key thing to focus on, though, right now, alex. the tone. there doesn't seem to be an appetite for another government shutdown. that, of course, bodes well for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually...
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Dec 10, 2013
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our princ
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were...
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i would put the emphasis down to get the trade deficit close closer to balance. liz: you think the weaker dollar is better. exports looked not certainly so bad. exports were up. people are buying our good overseas. >> well, it was some improvement but we actually revised down the previous numbers, previous month ace numbers. so it wasn't much of an improvement. we have a ways to go. we have a deficit of 500 billion. maybe we're moving in the right direction but if so, very slowly. we have to pick up that pace. liz: precursor to the government's jobs number report, adp, came out yesterday. look better than expected, 218,000 jobs created what are you expecting from the labor department tomorrow? >> i will be a pessimist, 141, 50. last month was strong numbers. strong growth in retail employment. very strong growth, manufacturing construction. i think latter two were a mom lace. the -- anomalies. think people are doing earlier than normal hiring, christmas hiring. a lot of hiring that would normally take place in november took place in october. i think i ace weak st
i would put the emphasis down to get the trade deficit close closer to balance. liz: you think the weaker dollar is better. exports looked not certainly so bad. exports were up. people are buying our good overseas. >> well, it was some improvement but we actually revised down the previous numbers, previous month ace numbers. so it wasn't much of an improvement. we have a ways to go. we have a deficit of 500 billion. maybe we're moving in the right direction but if so, very slowly. we have...
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Dec 8, 2013
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he faced the largest per capita deficit in the country. total debt of about three point $5 billion. he did several terms as mayor of stamford, connecticut, promising to make 2012 the year of education. in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. the governor took the lead in passing one of the nations more dramatic education bills. it was public act -- some of the packages required a new teacher evaluation pilot in which 45% will be based on student learning. the governor's package created a commissioners network similar to the recovery school district. it has the ability to take authority over 25 of the state's lowest performing schools. an increased charter school funding. the figure will go to 11,500 by fiscal 2015. >> it is great to be with you. i appreciate the opportunity to speak about an issue that is very dear to my heart. i like to talk about what really needs to happen in the united states and put it into an appropriate context. we have been at the business of educating on a public
he faced the largest per capita deficit in the country. total debt of about three point $5 billion. he did several terms as mayor of stamford, connecticut, promising to make 2012 the year of education. in connecticut, he tackled a reform agenda in a state that has long been known for one of the nation's widest racial achievement gaps. the governor took the lead in passing one of the nations more dramatic education bills. it was public act -- some of the packages required a new teacher...
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Dec 6, 2013
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we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances continue. the report also sets out the economic impact of a failure to act. it agrees with cbo and other economists. allowing the federal ui program to expire will cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be coldhearted. that is not the better nation -- the better nature of our nation. i trust of
we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice...
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Dec 10, 2013
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trade deficit as bloated. since nafta and wto we've lost over 5 million of our manufacturing jobs from a 40,000 factories gone, and real wages down across the economy. in fact, true honesty, our exports rose to countries we do not have fast-track trade agreements with, actually 38 percent higher than those with which we do. myth number three, every president since roosevelt has said tpa. morning, trick, acronym. tpa also is an acronym for trade promotion authority, a cynical renaming a fast track, but it is also the reciprocal tariff act is called trade promotion the tory. and that is a mechanism president roosevelt had that only pertained to tariffs. the estimate is true, from 1934 the reciprocal tariff act had tariff, proclamation a story, tpa. a totally different thing than what equals fast track. true. a handful of president since nixon have had fast track. for the politics, the question is will this house of representatives give president obama this extraordinary authority to push through the trans pacifi
trade deficit as bloated. since nafta and wto we've lost over 5 million of our manufacturing jobs from a 40,000 factories gone, and real wages down across the economy. in fact, true honesty, our exports rose to countries we do not have fast-track trade agreements with, actually 38 percent higher than those with which we do. myth number three, every president since roosevelt has said tpa. morning, trick, acronym. tpa also is an acronym for trade promotion authority, a cynical renaming a fast...
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Dec 4, 2013
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. >> also said it wouldn't add a dollar to the deficit and the insurance companies knew they were always going to get this. that's why i don't buy when anyone says it will collapse on its open weight. they will continue to pump money into save it. in there was a tragic train wreck in new york over the weekend and the conductor lost his insurance because of obama care. so i think frankly that there are a lot of things happening in america today, the problems over obama care, the weather, everything is going terrible. >> are you kidding me? the fact of the matter is things starting to work better and better. the democrats have to run on it. they know they can't run against it. they voted for the they think. by the way, this earpiece one more time -- they voted on it, so now what are they going to do? they will try to get around behind it, so they have to run on it. >> what about the bailout for the insurance companies? >> i wouldn't bail the insurance companies out if they -- >> that was from the white house. the white house offered incentives to, quote, help offset losses in profits to th
. >> also said it wouldn't add a dollar to the deficit and the insurance companies knew they were always going to get this. that's why i don't buy when anyone says it will collapse on its open weight. they will continue to pump money into save it. in there was a tragic train wreck in new york over the weekend and the conductor lost his insurance because of obama care. so i think frankly that there are a lot of things happening in america today, the problems over obama care, the weather,...
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reduce the federal work force, reducing the deficit. sort of the issues you traditionally run against a democrat on. he sort of co opted them and leaves republicans with little else. >> this is something i've been thinking about as a broader trend, not actually just with this president. but democrats really since clinton have adopted conservative values and conservative policies. health care being the obvious example. >> individual mandate. >> came out of the heritage institute. sprang out of hillary care in response to that. so, you know, i think that is in some ways part of the problem. what are you going to offer as your market-based solution to things like climate change when cap and trade is the market-based solution and you've already demonized that. what about when the affordable care act already is that and you have demonized it. i don't think they have anywhere to go to actually solve these problems anymore. >> yeah. i think the operative phrase there being what are you going to offer. >> exactly. >> all right. krystal ball, ja
reduce the federal work force, reducing the deficit. sort of the issues you traditionally run against a democrat on. he sort of co opted them and leaves republicans with little else. >> this is something i've been thinking about as a broader trend, not actually just with this president. but democrats really since clinton have adopted conservative values and conservative policies. health care being the obvious example. >> individual mandate. >> came out of the heritage...
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Dec 5, 2013
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as they were concentrated on deficit reduction and did not see the connection between deficit reduction and growth. they thought deficit reduction was a great policy. that was the mistake. they could not think in these dynamic terms. thaty do you not think this recovery will become a more broad-based recovery? there is some evidence that the export story is improving, manufacturing data has been improving. that data -- they are largely u.k. generated. it is internal rather than export. basic have to go back to theory. there are two drivers of economic growth. investment and there is consumption. you have got to look at what is happening to both of those components. and then you have to ask what are the chances that they will grow. i do not think investment -- it may have picked up a little bit. it is still very much lower than it was in 2007 in 2008. as for consumption, there has been a big decline in real earnings. over the last five years. >> how do we deal with that? this could come back to the tax story. >> that comes back to the tax story, it comes back to the way national insuranc
as they were concentrated on deficit reduction and did not see the connection between deficit reduction and growth. they thought deficit reduction was a great policy. that was the mistake. they could not think in these dynamic terms. thaty do you not think this recovery will become a more broad-based recovery? there is some evidence that the export story is improving, manufacturing data has been improving. that data -- they are largely u.k. generated. it is internal rather than export. basic...
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there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seder, host of the online political talk show and podcast "majority report," and david sirota. karen, what do you think, has it been good or bad for conservatism, the tea party, and not good or bad for the country. i think everyone at this table agrees it's bad for the country, really bad for the country, terrible, destructive in all the way as talk about all the time, but good or bad for the conservative movement? >> bad, because particularly if you think about the 2014 election, that election is going to be nationalized. and the problem when you have a nationalized election is you have to have a unified message. they don't have that. the conserv
there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seder, host of the online...
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Dec 2, 2013
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. >>> peyton manning and the broncos erased a deficit. manning threw for five touchdowns. they win 35-28. >>> steph curry hit two free throws late to give the warriors the lead but the kings had the last shot. >> isaiah thomas playing beat the clock. , thomas to the rim, bogut blocks the shot, he got the rebound, warriors win! [ applause and cheers ] >> andrew bogut came through with the big block. and the warriors win it, 115- 113. warriors starting to get the momentum back, just wait until they get andre iguodala back in the line-up. that will do it. everybody, have a great day. >>> thank you, vern. play of the day from the broncos-chiefs matchup. denver runningback moreno shoal the show with interesting moments. first he cried during the national anthem just gushing out then the crawl comes after he was finally brought down by what seemed like the entire kansas city defensive line. and there he goes. doing the worm out there. moreno's moment today's play of the day. i think the broncos won. i'm not sure. >> they did. >> they are pretty good. >> yes. >>> 5:25 right now.
. >>> peyton manning and the broncos erased a deficit. manning threw for five touchdowns. they win 35-28. >>> steph curry hit two free throws late to give the warriors the lead but the kings had the last shot. >> isaiah thomas playing beat the clock. , thomas to the rim, bogut blocks the shot, he got the rebound, warriors win! [ applause and cheers ] >> andrew bogut came through with the big block. and the warriors win it, 115- 113. warriors starting to get the...
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much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that is a reflection of the population at large but down 11% since just this spring. and john earlier the president did some work to shore up the forecast, the so-called -- shore up the rveght affordable care a% of millennials disapprove of the affordable care act. have no plans to sign up. that's disappointing news. >> the numbers behind inequality could be surprising for many. jonathan betz has a closer look at what the president says is an economic inequality gap. >> simply put the poor are getting poorer and the rich are getting richer. first off, what does this mean? the median income for an american househo
much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that...
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Dec 3, 2013
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there was a $330 million cumulated deficit over time, we had an $18 billion overhang. and so we were never able to go out and increase revenue. so the only way we stayed alive quite frankly is through cuts. and we cut everything that we could, but unless there is more investment coming into the city, and a new stream of revenue, there was no way to -- i guess to fix the problem, so now with bankruptcy eminent, i think our debt off of our balance sheet would be less than it is today, and that is going to be a positive on a going forward basis. >>> the mayor of detroit responding to a federal judge's ruling that detroit can proceed with its bankruptcy filing. bisi onile-ere is live from detroit. what is the reaction there. >> as you can see me there is a group gathered. and you have been very outspoken through this whole or deal. were you disappointed by the judge's decision? >> we were very disappointed. he basically found that terminating the pensions is legal. >> reporter: a lot of people are worried right now because of the ruling that came down. >> we're continuing
there was a $330 million cumulated deficit over time, we had an $18 billion overhang. and so we were never able to go out and increase revenue. so the only way we stayed alive quite frankly is through cuts. and we cut everything that we could, but unless there is more investment coming into the city, and a new stream of revenue, there was no way to -- i guess to fix the problem, so now with bankruptcy eminent, i think our debt off of our balance sheet would be less than it is today, and that is...
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and these deficits have to be paid to pay these deficits cuts in the public spending when necessary the first expenses hits were social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. this took place at a time when that chair was in power in the u.k. and reagan in the us. it was really the law of the markets. and so the economists of the i.m.f. the world bank and in a lot of other countries even bilateral cooperation said allow real prices to rule and all problems will be solved. i think that by doing that we did a lot of harm mainly because we didn't know ways to understand the economic policy of these countries. once the structural adjustments were imposed by creditors namely the world bank and i.m.f. it was like hell on earth here. at the hospital everything had become. consultations you have to pay to see the doctor to get more syringe is more alcohol. i mean it was hell people often died from curable diseases. and people in poor health who have no ac
and these deficits have to be paid to pay these deficits cuts in the public spending when necessary the first expenses hits were social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. this took place at a time when that chair was in power in the u.k. and reagan in the us. it was really the law of the markets. and so the economists of the i.m.f. the world bank and in...
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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Dec 9, 2013
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it tells us if the vine is in a deficit or doing fine. >> with this, we can actually save water, which is an important thing. >> especially in california which seems like its been in remember. >> by eliminating water at the right times and by giving water at the right times, we can have those berries grow small. the smaller the berries, the buser the skin to juice ratio is. that means more robust, big, juicy wines. >> innovative technology also fine tunes the work at the crush pad. here, alias programs the optical sorter to choose grapes based upon a specific color. only the right ones. everything else gets dump here we notice the change almost overnight. the wine is only 5 or six days old. fresher, cleaner, more focused. it was we are going to check out a red wine ferm entation. >> what was sorted earlier? >> it looks look luke soup. >> they communicate with alias via wi-fi. >> if it gets too hot t will send me an alarm. fe fermentation team. >> i get a text and phone call. i have them at 2:00 in the morning sometimes. >> even the aging process it is technology. >> this was invented b
it tells us if the vine is in a deficit or doing fine. >> with this, we can actually save water, which is an important thing. >> especially in california which seems like its been in remember. >> by eliminating water at the right times and by giving water at the right times, we can have those berries grow small. the smaller the berries, the buser the skin to juice ratio is. that means more robust, big, juicy wines. >> innovative technology also fine tunes the work at the...
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japan's trade deficit is continuing. -- current-account deficit people are saying there is not going to be a permanent one but the trade deficit is going to continue for the foreseeable future. some economists have said the import ahead of the sales tax rise -- people are importing more housing materials and other products because people are expected to by those in the next five or six months. factor another temporary which is causing this deficit. >> thank you, james. down going to be breaking the latest economic data from china. ."ming up next on "on the move ♪ the scene at the moment at the imperial palace in tokyo. we had some weaker than expected growth. 1.9% up.economists say a weaker yen just above the 103 level helping exporters. take a look at what is going on with some of the others, metal zinc and aluminum on the way down. seng the gains of hang after 11 minutes of the trading day. out a inflation figures short while ago, fairly benign. less thanng up by october's figures would indicate. 2013 is on track to be one of the best years in a decade for u.s. stocks. analysis s
japan's trade deficit is continuing. -- current-account deficit people are saying there is not going to be a permanent one but the trade deficit is going to continue for the foreseeable future. some economists have said the import ahead of the sales tax rise -- people are importing more housing materials and other products because people are expected to by those in the next five or six months. factor another temporary which is causing this deficit. >> thank you, james. down going to be...
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republicans in congress more than president obama on budget issues, on the economy, on health care, on the deficit. that's very specific and has an impact on next year's elections. >> tonight, chris will afford us all the opportunity to watch the president of the united states. >> "hardball" is kicking you know what? it's kicking it old school, man. remember we used to watch "who wants to be a millionaire" and regis had to be on every night. chris was on at 2:00 and 3:00, 12 times a day. he's on 7:00 now. boom. the number one show. >> more popular than peanut butter and jelly sandwiches. >> you embarrass me, joe. >> not so easily embarrassed, chris. i assure our audience. >> i think it's interesting, joe. you ask the greatest question tonight. you know the business. i don't usually need them. i enjoy just duking it out with politicians at a distance. i don't need to beg them to come on my show. i always thought, i see the president pop up on different kind of show, entertainment shows like letterman and leno and i'm thinking why can't we get them. they made some decisions in the white house and ma
republicans in congress more than president obama on budget issues, on the economy, on health care, on the deficit. that's very specific and has an impact on next year's elections. >> tonight, chris will afford us all the opportunity to watch the president of the united states. >> "hardball" is kicking you know what? it's kicking it old school, man. remember we used to watch "who wants to be a millionaire" and regis had to be on every night. chris was on at 2:00...
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you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we will have several members on capitol hill and this is one of the questions they will have to answer. rollout, theo the website is operating better. they will make this point over and over. >> lawmakers actually have a deadline of their own to sign up for the affordable care act. how is that going? >> there is actually a different website. technically, they are members of a small business. that is the congress of the united states. they are operating off of the d.c. exchange. the deadline is december 23. december 9 is the deadline for members of congress underst
you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we...
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we are looking at an explosion of entitlements and debt and possibly devastation to the deficit and to the country if we don't get in charge of it. >> you are absolutely -- >> this president seems to have no sense of what to do. i will give you the last word here congressman, but it seems the republicans don't have the answers either. >> you are absolutely correct. it is monumental. needs to be totally ripped out by the roots and replaced with something such as my patient option act. we do have some republicans and democrats that wants to fix it. in fact to my colleague from georgia wants to fix it. it is not fixable. we have got to get rid of obamacare because of all the things you're saying. people are going to lose there doctors. in fact, they're going to lose their insurance. the promises made by this president are totally false. he is delusional if he thinks that people are going like obamacare. i have the plan, the patient option act, and i am going to continue to try to get it passed into law. the american people can get it passed into law by demanding it from they're elected re
we are looking at an explosion of entitlements and debt and possibly devastation to the deficit and to the country if we don't get in charge of it. >> you are absolutely -- >> this president seems to have no sense of what to do. i will give you the last word here congressman, but it seems the republicans don't have the answers either. >> you are absolutely correct. it is monumental. needs to be totally ripped out by the roots and replaced with something such as my patient...
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the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. caller: reducing some of the so sex expenses of means testing -- of the social security's of means testing. 50,000, and increasing the social security age by one year. thank you. guest: i think that sounds like a pretty good plan. i would vote for it. i think the long-term problems of social security have to be addressed by some combination of reduced benefits and that does not mean reduced absolute benefits, and new revenue. i think the combination you probably is where thin
the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is...
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way, maybe this thing with take off area >> i think there has been a huge miss focus .n the budget deficit it is really a long-term problem. the key thing you want to do right now is get the economy back on its feet and coming along. you are actually slowing that recovery down. i think it is just misguided policy. we do not expect that to last forever. we are also saying state and local government coming back a little bit more. that may offset the track we're going to get. >> you just mentioned that modesty oh moderate phrase. as you mentioned, the last four days books contain that wording. should we read anything into that? what does it say about the growth expectations going forward? >> we have seen the fed consistently lower their projections. they have been more realistic. anticipating that growth will pick up, the key issue for the fed, and particularly with a new fed chair coming in, janet yellen is going to be preoccupied in this guiding -- and deciding when to taper and how rapidly to taper. more important like, how to communicate detentions to the markets. landly, the asset purcha
way, maybe this thing with take off area >> i think there has been a huge miss focus .n the budget deficit it is really a long-term problem. the key thing you want to do right now is get the economy back on its feet and coming along. you are actually slowing that recovery down. i think it is just misguided policy. we do not expect that to last forever. we are also saying state and local government coming back a little bit more. that may offset the track we're going to get. >> you...